Oxford Asset Management LLP acquired a new position in New Gold Inc. (NYSE:NGD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 151,842 shares of the company's stock, valued at approximately $377,000.
Several other large investors also recently made changes to their positions in NGD. SIH Partners LLLP acquired a new stake in shares of New Gold during the fourth quarter worth approximately $27,000. DGS Capital Management LLC bought a new stake in shares of New Gold in the fourth quarter valued at approximately $30,000. Samalin Investment Counsel LLC acquired a new position in shares of New Gold during the fourth quarter valued at about $32,000. Bank of Nova Scotia bought a new position in New Gold in the fourth quarter worth $68,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in New Gold during the fourth quarter worth about $74,000. Institutional investors own 42.82% of the company's stock.
New Gold Stock Performance
New Gold stock traded down $0.05 during midday trading on Friday, reaching $3.83. The stock had a trading volume of 18,705,932 shares, compared to its average volume of 12,336,102. The firm's 50-day moving average price is $3.29 and its 200 day moving average price is $2.96. The firm has a market capitalization of $3.03 billion, a PE ratio of 29.50 and a beta of 0.93. New Gold Inc. has a 12 month low of $1.74 and a 12 month high of $3.98. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 0.38.
Analysts Set New Price Targets
NGD has been the subject of several research reports. Scotiabank restated an "outperform" rating on shares of New Gold in a research report on Monday, April 14th. StockNews.com lowered shares of New Gold from a "buy" rating to a "hold" rating in a research note on Thursday. National Bank Financial upgraded New Gold to a "strong-buy" rating in a research note on Friday, March 21st. CIBC reduced their price objective on shares of New Gold from $3.60 to $3.40 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Finally, National Bankshares restated an "outperform" rating on shares of New Gold in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, New Gold presently has an average rating of "Moderate Buy" and an average price target of $3.85.
View Our Latest Research Report on New Gold
New Gold Profile
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Free Report)
New Gold Inc, an intermediate gold mining company, develops and operates of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia.
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